tag:blogger.com,1999:blog-18675105.post115651648906105970..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Here's some charts that should 1) disgust you and 2) make you worry for the fate of the US economybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger51125tag:blogger.com,1999:blog-18675105.post-1158931887642229832006-09-22T14:31:00.000+01:002006-09-22T14:31:00.000+01:00Good info. Thanks.Regards,ETF & Stock TraderLearn...Good info. Thanks.<BR/><BR/>Regards,<BR/><BR/>ETF & Stock Trader<BR/><A HREF="http://www.eTradingCourse.com" REL="nofollow">Learn ETF trading</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156658556917063552006-08-27T07:02:00.000+01:002006-08-27T07:02:00.000+01:00Anon 5:27:43,It's good that you are opnely talking...Anon 5:27:43,<BR/><BR/>It's good that you are opnely talking about it. We live and learn. The most important thing is that you're confronting it. The worst is when you're in denial, as it will just prolong the agony, not to mention losing focus on how to remedy the situation.<BR/><BR/>Now I don't know your mortgage situation, but if you can get out now and perhaps take a small loss, you'll be better off in the long run.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156652863570468642006-08-27T05:27:00.000+01:002006-08-27T05:27:00.000+01:00Wish they had a chart to show the clench factor of...Wish they had a chart to show the clench factor of my Ass. I own in Vegas and Phoenix!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156613761668929862006-08-26T18:36:00.000+01:002006-08-26T18:36:00.000+01:00"This is not a good sign in the sense that to the ..."This is not a good sign in the sense that to the degree private foreign dollar holders across the global decide to abandon the dollar, downward pressure on the dollar could be enormous--ultimately resulting in major inflation in the United States."<BR/><BR/>And that is why not only Coal, but Gold is King.<BR/><BR/>Add to this list of countries leaving the dollar - Venezuela (35 billion) - Syria - South Korea - and probably many more.Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156612946568605472006-08-26T18:22:00.000+01:002006-08-26T18:22:00.000+01:00Yet the market barely budges. I don't get it. What...<I>Yet the market barely budges. I don't get it. What is holding this market up?</I><BR/><BR/>There has been a large transfer of wealth from average consumers to the owners of capital. All the productivity improvements and extra hard work by normal people have gone into the pockets of the ultra-rich who own most everything except real estate. This is also why there's a "global savings glut" despite the fact that average people are so stretched: the really rich are just so stupendously overloaded with money there just isn't enough place to put it.<BR/><BR/>Example:<BR/>Young physicians now are no dumber than doctors were 40 years ago, but they have to work egregiously hard with extreme patient loads, all to benefit the hospitals and insurance cmpanies. <BR/><BR/>And they are, comparatively, one of the privileged ones.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156612056889114632006-08-26T18:07:00.000+01:002006-08-26T18:07:00.000+01:00Hmm Maybe I had a preminisionNIZE NOTES: Russians ...Hmm Maybe I had a preminision<BR/><BR/>NIZE NOTES: <BR/><BR/>Russians Dump Dollar For Ruble<BR/>It's not only Central Bankers that are abandoning the dollar. It's private holders of dollars as well. According to RIA Novosti via DJ,: Russians abandoned the dollar at an unprecedented rate in the first half of this year, Central Bank deputy chairman Alexei Ulyukayev said.<BR/><BR/>Ulyukayev told a press conference - to which foreign press weren't invited - that dollar assets held by the population had fallen by $5.1 billion in the first half of this year - three times the rate seen in the corresponding period in 2005.<BR/><BR/>This is not a good sign in the sense that to the degree private foreign dollar holders across the global decide to abandon the dollar, downward pressure on the dollar could be enormous--ultimately resulting in major inflation in the United States.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156606791206766572006-08-26T16:39:00.000+01:002006-08-26T16:39:00.000+01:00True about the Plunge Team a possibility...But the...True about the Plunge Team a possibility...<BR/><BR/>But they will have a hard time accomodating the below if it snowballs...all bets off it does do so.<BR/><BR/>Iran Opens Plant That Can Produce Plutonium <BR/><BR/>http://www.nytimes.com/2006/08/26/world/middleeast/26cnd-iran.html?hp&ex=1156651200&en=e19f34c3ee80e8f4&ei=5094&partner=homepage<BR/><BR/>Russia Says It Opposes U.N. Sanctions on Iran <BR/><BR/>http://www.nytimes.com/2006/08/26/world/middleeast/26russia.html<BR/><BR/>RaoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156606151316288322006-08-26T16:29:00.000+01:002006-08-26T16:29:00.000+01:00PLUNGE TEAM of course.PLUNGE TEAM of course.Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156605637066204082006-08-26T16:20:00.000+01:002006-08-26T16:20:00.000+01:00This time its different logic is partly responsibl...This time its different logic is partly responsible for holding up teh market and the fact that all the global players, asians, the us, europeans gulf oil producers....no one wants to upset the apple cart because they all have a stake in the dollar....the asians depend on the us markets, the gulf rulers have most of their money in the us companies and financial markets and the us itself cant afford to lose the dominance of the dollar and the europeans...am not sure but maybe they dont have the inclination to take the euro to become the dominant currency....they will have to print an awful lot of euros for that...that may upset their local economiies...<BR/><BR/>RaoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156601425659385902006-08-26T15:10:00.000+01:002006-08-26T15:10:00.000+01:00"Yet the market barely budges. I don't get it. Wha..."Yet the market barely budges. I don't get it. What is holding this market up?"<BR/><BR/>I think the foreign investments (China, Japan, India, etc.)<BR/><BR/>As long as they keep us lending and we keep borrowing, the market will hold - only for a while. The moment they pull the plug, the rest will be history.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156579262819053782006-08-26T09:01:00.000+01:002006-08-26T09:01:00.000+01:00"Yet the market barely budges. I don't get it. Wha..."Yet the market barely budges. I don't get it. What is holding this market up?"<BR/><BR/>-I think this is a historic chance to short the market, especially consumer-driven sectors that will get slaughtered, if you have courage. I have about 10% courage myselfbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156572895172212212006-08-26T07:14:00.000+01:002006-08-26T07:14:00.000+01:00I viewed a chart by a technical investment firm....I viewed a chart by a technical investment firm.I their own words.We have seen every chart related to the US economy going back a century,and,"Folks WE have never seen anything like this,or this or this"Referring to the RE SUPER SPIKE,BONDS,and DERIVITIVES.The great Depression was only 55%GDP,this one 80% and the numbers were probably Massaged.DiD any of you notice that the drought in the Midwest is approaching that of 1950,next comes the 30s.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156557093098987522006-08-26T02:51:00.000+01:002006-08-26T02:51:00.000+01:00So when is the stock market going to notice what e...So when is the stock market going to notice what even the main stream media is now acknowledging? <BR/><BR/>The real estate market is toast, the economy is slowing markedly, and oil is still over $70/barrel. Most Americans have seen no growth in their income for several years and prices are way up.<BR/><BR/>Yet the market barely budges. I don't get it. What is holding this market up?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156556648861988112006-08-26T02:44:00.000+01:002006-08-26T02:44:00.000+01:00Good suggestions Richard. Unfortuantely I have a ...Good suggestions Richard. Unfortuantely I have a very non-marketable edumacation (theoretical physics/statistics). <BR/><BR/>Oil Service stocks: I own an oil service ETF, PXJ<BR/><BR/>I also own shares of a utility ETF: PUI<BR/><BR/>Solid physical gold can be effectively 'nationalized' by preventing any financial institution from trading money for it. You might get something on the black market but you could just as easily get jacked by somebody with a gun when you want to trade. <BR/><BR/>Australian and Canadian dollars might be better. <BR/><BR/>Uranium? Not many solid companies except Cameco (CCJ), but it has a high valuation and sold forward its uranium years ago, so the upward uranium prices won't help for some time. Maybe Uranium participation corp? Only on Toronto exchange. <BR/><BR/>Well, here in kalyeefornya if you start asking about greenhouses and 'grow lights' they're pretty sure your interested in a certain kind of herb which doesn't go onto pasta.<BR/><BR/>Motor vehicle? www.egovehicles.com {I commute with one, and I now have to get gasoline for my car only once a month.} <BR/><BR/><BR/>The most valuable, which is the most difficult : A Canadian or Australian passport. High resource, low population countries.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156552716025062612006-08-26T01:38:00.000+01:002006-08-26T01:38:00.000+01:00Where to make money1.) Rail investments (not as qu...Where to make money<BR/><BR/>1.) Rail investments (not as quick to be nationalized as oil and gas).<BR/><BR/>2.) Oil and gas drilling service companies. Their equipment is going<BR/>to be in high demand, and it won't be nationalized, unlike oil and gas<BR/>itself.<BR/><BR/>3.) Uranium companies, especially ones that are building mines.<BR/>Uranium has a huge mining-supply-demand deficit. At any time, the<BR/>sale of Russian Uranium and Plutonium (from old nukes) could stop.<BR/><BR/>We are likely going to see a large scale growth in the construction of<BR/>nuclear power plant, especially in India and China.<BR/><BR/>Uranium companies in Canada and Australia would be best, IMO.<BR/><BR/>4.) Solid gold and silver. Can't be nationalized. Will grow in value<BR/>as the cascading collapse of the entire world's financial system goes<BR/>forward.<BR/><BR/>5.) Mortgaged properties. During the depression, the U.S. made laws<BR/>that said that people who go bankrupt can't be evicted from their<BR/>homes. Expect something similar to that after we start seeing massive<BR/>numbers of people, especially babyboomers, who have owned homes for<BR/>decades, going bankrupt. It will probably take a few years to come<BR/>into force, so only do this if you have some assets to carry you over<BR/>for a few years.<BR/><BR/>Also, in the 30s, we never had a derivative bubble. In this case, the<BR/>derivative bubble is going to necessitate printing large quatities of<BR/>money, inflating away the value of the debt. What ever you do, fixed<BR/>interest rates for all mortgages and loans.<BR/><BR/>6.) An orchard in an agricultural area where there is a regional<BR/>shortage of the fruit.<BR/><BR/>7.) Insulation for your home.<BR/><BR/>8.) A green house or hydroponic grow room for your home. Nobody can<BR/>steel food that is grown indoors (as long as they don't come inside).<BR/><BR/>9.) A law degree. After the crash, civil lawsuits will skyrocket as<BR/>people start defaulting on all debt. Crime will skyrocket too.<BR/><BR/>10.) A medical degree. There will always be demand for doctors and<BR/>nurses. In Canada, we're headed for a massive shortage when the<BR/>babyboomer doctors start retiring.<BR/><BR/>11.) A high-efficiency motor vehicle. How about a used dirt-bike?Roccmanhttps://www.blogger.com/profile/13941353492023923157noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156549921747194692006-08-26T00:52:00.000+01:002006-08-26T00:52:00.000+01:00I personally do not believe in banks. only enough ...I personally do not believe in banks. only enough to pay bills in the account. the rest is notes in a plastic bag transplanted in my dog's butt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156549688576674032006-08-26T00:48:00.000+01:002006-08-26T00:48:00.000+01:00Keith and others strongly in thedeflation camp:If ...Keith and others strongly in the<BR/>deflation camp:<BR/><BR/>If you really believe in cash, shouldnt<BR/>you keep some outside of the bank? If<BR/>the sh&t hits, you better be really sure<BR/>that 5% account is rock solid.<BR/><BR/>-El MahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156549079497749222006-08-26T00:37:00.000+01:002006-08-26T00:37:00.000+01:00Manboni,Imagine trillions in paper asset value vap...Manboni,<BR/>Imagine trillions in paper asset value vaporizing. What capital will chase speculative metals? The safe haven will be Swiss Francs, Dollars, Euros, and Yen. The question is what order to put them in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156547353640744472006-08-26T00:09:00.000+01:002006-08-26T00:09:00.000+01:00Anyone else get the sense that something really ch...Anyone else get the sense that something really changed this week? <BR/><BR/>I do. I also sold my few remaining stocks today except my COP options. So I'm left with US$ cash earning 5%, and pretty good short positions via Jan '07 put options on nine stocks - retailers mainly - which are doing incredible (5 have 100%+ gains already)bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156545775013843132006-08-25T23:42:00.000+01:002006-08-25T23:42:00.000+01:00Yo Bork A Fatty,I think there is some debate over ...Yo Bork A Fatty,<BR/><BR/>I think there is some debate over the<BR/>housing crash = market crash = weak dollar.<BR/>If the US market crash causes world markets<BR/>to crash harder, there may be a run to the<BR/>dollar from ALL markets. To those of you that say the FED will sacrifice the dollar, I say not yet. Not with our superpower status on the line. If the dollar goes, we lose our global position. This is comming, but I think Bush and co will defend this, at least through Nov.<BR/><BR/>I think this defence of the dollar will lead to the KA in KA-POOM. <BR/>Now I like silver. ALOT. But, I think<BR/>it is prudent to keep some cash ready for<BR/>the KA, which should temporarily lower<BR/>silver and gold etc. <BR/><BR/>So I am bear funds, metals and cash. Hopefully the KA wont be so short lived<BR/>that I cant get out of bear funds and into metals with my IRA cash account.<BR/><BR/>Thoughts on that? <BR/><BR/>-El MahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156543440737178822006-08-25T23:04:00.000+01:002006-08-25T23:04:00.000+01:00Right! And World War 3 has begun!Right! And World War 3 has begun!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156542476497325322006-08-25T22:47:00.000+01:002006-08-25T22:47:00.000+01:00When you see a lot mortgages that are only a year ...When you see a lot mortgages that are only a year or two old being foreclosed upon, you know something is wrong. I found a first (for our office) in the public records around St. Louis today. House mortgaged in January 2006 and it's going to foreclosure sale in early September. Never got out of the gate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156542353992090722006-08-25T22:45:00.000+01:002006-08-25T22:45:00.000+01:00"STAGFLATION is: Increasing costs and decreasing b..."STAGFLATION is: <BR/>Increasing costs and decreasing business activity = lower corporate profits and individual income = lower tax revenues plus temporary exemption of the many from the Alternative Minimum Tax category = in the face of continue high spending an explosion in the US Federal budget deficit = in the face of a continuing US Trade deficit and a runaway US Current Account deficit = a severely lower US dollar = significantly higher gold prices = $1650 for gold!" <BR/><BR/>Jim Sinclair <BR/><BR/>www.jsmineset.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156541226172310532006-08-25T22:27:00.000+01:002006-08-25T22:27:00.000+01:00I heard those St. Joe statues only work if the buy...I heard those St. Joe statues only work if the buyer shoves them up his or her ass.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1156538811631690772006-08-25T21:46:00.000+01:002006-08-25T21:46:00.000+01:00When you have economic integration with people wit...When you have economic integration with people with wildly different (ahem) philosophies towards freedom and liberty, is that a good idea?<BR/><BR/>"The capitalists will sell us the rope we'll use to hang them" -- V.I. LeninAnonymousnoreply@blogger.com